SPONSOR PODCAST in partnership with VERTEX
The global tax landscape is changing: Witness the recent U.S. Supreme Court ruling in South Dakota v. Wayfair. In other cases, longstanding tax rules no longer apply. For business executives, new technologies and skillsets may help navigate this shifting tax and regulatory reality. Join us as we talk with Vertex thought leaders about the changing tax landscape, how to plan for changes, where emerging technologies may prove beneficial, and best practices for success amid historic changes in tax rules and regulations.
“Home grown” or legacy tax platforms are simply not equipped to deal with today’s technology needs. Making significant changes to this massive installed base sometimes can feel like turning around an oil tanker.rnIncreasingly, IT leaders are recommending upgrades to these platforms — which can run the gamut from an on-premise upgrade to an ambitious move to a cloud or hybrid cloud deployment. Approximately 18 months ago, , the U.S. Supreme Court handed down a decision in the landmark case South Dakota vs. Wayfair. The effects of that case are still rippling through businesses around the country, changing the way they handle compliance forcing many to adjust their tax compliance and planning strategies. Tax collecting and reporting has always been complex, and with new legislation comes new layers of complication. This is only going to accelerate as businesses and the government alike try to keep up with technological advancements. Tax departments are leaning on IT more than ever to make recommendations and help to implement tax automation solutions. As technology continues to evolve and impact the way companies do business, one division that is feeling these changes is the tax function. Tax leaders now need a sophisticated understanding of how technology impacts tax transactions, and executive management is demanding this level of understanding from their tax professionals. This has given rise to two new kind of professional titles knowns as taxologists and tax technologists. But there is a distinct difference between the two roles. In this podcast, we will be joined by Jen Kurtz, chief technology officer, resident tax technologist, with Vertex for a discussion about how roles in the tax office are poised to change, and what companies need to know to bring their tax staff up to date. Sweeping changes are transforming the global tax environment. Longstanding tax rules no longer apply as tax overhauls in Europe and the US force businesses to adapt and comply with new policies. How tax leaders address these pivotal challenges will largely determine their company’s success amid historic changes in tax rules and ever-increasing regulatory scrutiny. Is your company ready? In episode two of our podcast series on the changing space of tax technology, we will talk with Jen Kurtz, Chief Technology Officer at Vertex. Jen will discuss how to navigate the new tax landscape using advanced tax technology. We will also learn how using automated tools for tax data management, determination, and compliance can help tax functions deal with the increasing complexities in the tax environment across the globe. The recent U.S. Supreme Court ruling in <em>South Dakota v. Wayfair</em> will dramatically change the landscape for online sellers when it comes to sales tax. Any business that sells goods remotely could be affected, which means some companies may need to invest in new technology and processes for taxes. rnrnIn Episode 1 of our podcast series on the changing space of tax technology, we will talk with thought leaders from Vertex about what the ruling means for the end-to-end tax process at affected businesses. What should businesses being doing to prepare to comply with new rules? How could automating the tax process assist with the new calculation and reporting requirements of the Supreme Court decision?rnrnSponsored by: Vertex